Our neutral stance on gold proved correct so far. We’ve forecasted a correction in the neighborhood of 5%-7% from the swing high, which ended in February 2018. Price action took us right into that area already. The overall result is that gold has not made any progress since Christmas 2018. We remain with our forecast that the current correction will bring an attractive entry opportunity. Gol...Read More
The brokerage firm expects the shares to doubleThe shares of eHealth, Inc. (NASDAQ:EHTH) are higher today, after analysts at SunTrust Robinson Humphrey hiked their price target by 33% to $120 -- roughly double yesterday's close. What's more, the online health insurance exchange provider is attracting fresh option bulls, with EHTH call volume running hot already today.eHealth shares were last seen...Read More
The FAANG stock is trading near a historically bullish trendlineIt's been a bumpy ride for Apple Inc. (NASDAQ:AAPL) in recent weeks, with the FAANG stock pressured by increasing U.S.-China trade tensions, as well as an unfavorable Supreme Court ruling. All hope is not lost for the tech shares, though, considering they are now trading near a trendline that's had bullish implications for AAPL in the...Read More
Test results from Marathon Gold's (TSX: MOZ) Leprechaun and Marathon deposits at the company's Valentine Lake gold camp in Newfoundland and Labrador demonstrate they are amenable to heap leaching.Selected intervals of mineralized material were shipped to SGS Canada last fall and highlights from the tests released today show a 72% gold extraction average for -25 mm crush size from the Leprechaun de...Read More
Test results from Marathon Gold's (TSX: MOZ) Leprechaun and Marathon deposits at the company's Valentine Lake gold camp in Newfoundland and Labrador demonstrate they are amenable to heap leaching.Selected intervals of mineralized material were shipped to SGS Canada last fall and highlights from the tests released today show a 72% gold extraction average for -25 mm crush size from the Leprechaun de...Read More
The legalization of recreational marijuana in Canada boosted first-quarter salesThe shares of cannabis concern Tilray Inc (NASDAQ:TLRY) were higher in early trading, after the firm shared its first-quarter results. However, while traders initially cheered the company's biggest revenue beat since going public -- thanks to the legalization of recreational marijuana in Canada last October -- TLRY sha...Read More
AMAT snapped a six-day losing streak yesterdayThe shares of Applied Materials, Inc. (NASDAQ:AMAT) are up 1.8% to trade at $40.73 today, after a big bull note from Susquehanna. The brokerage firm raised its rating on the semiconductor concern to "positive" from "neutral," while upping its price target to $60 from $34 -- a nearly 50% premium to last night's close. The analyst in coverage sees the s...Read More
Markets Trade War Oil Bitcoin Gold Markets stable as Trump reassures Wall Street The markets are looking a little flat on Wednesday, with investors soothed by the calming words of Donald Trump who sought to reassure us all that the trade war with China is merely a little squabble. After freaking out at the beginning of the week, investors have quickly settled down and, it would appear,...Read More
The oversold stock just received another bull noteMKS Instruments, Inc. (NASDAQ:MKSI) received a bull note from Susquehanna this morning that gave the stock a "positive" rating along with a $123 price target. The price target is notable because MKSI shares settled at $80.75 on Tuesday, meaning the brokerage firm is betting on a 52% surge over the next year. However, such upbeat attention isn't rar...Read More
The retail shares have struggled over the long term, thoughMacy's Inc (NYSE:M) stock is up 3.4% in electronic trading, after the department store chain reported stronger-than-forecast first-quarter adjusted profit of 44 cents per share on in-line revenue of $5.5 billion. Plus, same-store sales climbed 0.7% in the three-month period -- more than analysts were expecting -- "supported by the Growth50...Read More
Retail sales disappointed in both the U.S. and China Futures on the Dow Jones Industrial Average (DJI) are pointedlower today, down nearly triple digits amid lingering concerns about the global economy. In China, ugly data on industrial production and retail sales fueled stimulus expectations. In the U.S., meanwhile, traders are digesting April retail sales that dropped 0.2%, falling short of the...Read More
Currie Rose Resources (TSXV: CUI) received this week the approval of its notice of work permit application, which allows the company to start drilling at its Rossland gold project in southern British Columbia.In a press release, the Toronto-based miner said that the upcoming drill campaign is based on a review of all exploration data within the project.Besides gold, historical records identify sig...Read More
Currie Rose Resources (TSXV: CUI) received this week the approval of its notice of work permit application, which allows the company to start drilling at its Rossland gold project in southern British Columbia.In a press release, the Toronto-based miner said that the upcoming drill campaign is based on a review of all exploration data within the project.Besides gold, historical records identify sig...Read More
* GRAPHIC-2019 asset returns: (Updates with closing prices)By Eric OnstadLONDON, May 15 (Reuters) - Copper extended its rebound onWednesday as hopes the United States and China would forge atrade deal overshadowed largely disappointing economic data fromtop metals consumer China.Aluminium, however, slipped after Chinese output gained,fanning fears of oversupply.U.S. President Donald Trump called t...Read More
These 25 stocks beat the S&P 500 by 2% or more on MondayWhen the S&P 500 Index (SPX) Index fell 2.4% on Monday, it was the first 2% fall in the index since January. Since 2010, there have been 12 other instances when the index got hit with such a steep decline, and it was the first 2% drop in at least three months (so I'm disregarding the 2% drops that occurred within three months of another one)....Read More
Pro Aurum and Philoro will be supplying the raw metals. The firm will also enable its users to swap services from metals to digital assets. Austria-based fintech Bitpanda has recently launched digital trading service for gold and silver along with digital assets. It was announced on May 13 that the digital trading backed by physically stored metals are securely kept in a vault in Switzerla...Read More
Australian gold producer St. Barbara (ASX: SBM) is buying smaller Canadian rival Atlantic Gold Corp (TSX-V: AGB) for C$722 million ($536 million), in the last of several mergers and acquisitions targeting mostly the gold sector taking place this year.The Melbourne-based miner offered C$2.90 a share for Vancouver-based Atlantic Gold, a 39% premium to Tuesday's close, and will fund the deal from cas...Read More
Here Are 3 Hot Things to Know About Stocks Right Now Stocks ended up Tuesday following President Trump's statement that upcoming trade talks with China were going to be "very successful." Trump said China's next move in the trade war will be a rate cut and he pushed the Federal Reserve to follow suit. Walmart (WMT - Get Report) said it will launch a free, next-day de...Read More
The Tuesday Market Minute Global stocks mixed, with gains in Europe offsetting sharp declines in Asia, amid contradictory messages on trade from the While House.President Donald Trump plans to meet China's Xi Jinping at the G20 summit in Japan, but directs the U.S. Trade Representative to hold public hearings on new tariffs on a further $300 billion in China-made goods.European stocks bounce hig...Read More
The federal government spent $2,573,708,000,000 in the first seven months of fiscal 2019Continue...Read More